A macroeconomic viewpoint using a structural VAR analysis of silver price behaviour

Abstract This article investigates silver price as a fluctuating commodity since the financial crisis of 2007–2009. In this regard, structural vector autoregression (VAR) was applied to observe sensitivity and future pricing due changes in macroeconomic variables review price. The main results show that is susceptible gold price, increasing sideways. A shock OECD GDP caused increase which makes logical sense, thus showing positive correlation between output oil spike over short term, then move sideways long term. US Federal funds rate dip slightly medium while real effective exchange USA sheds some light on reactive status its influence safe haven commodity.